Leeds's real estate market is experiencing a price correction, with values down 11.9% from last year. Home prices have decreased 7.3% in the past month. With 2.4 months of supply, Leeds's inventory levels remain relatively tight. Transaction volume is up 150% compared to what's typically expected this time of year. Only 5.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Leeds market with the affordability index at 104.4. Looking ahead, the Leeds market is expected to maintain its current trajectory with relatively stable conditions.
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